Replies to post #141844 on TON Strategy Company (TONX)

[was CUIN2]

The offering was a separate event and $20.5 was raised and closed.

Next, another event followed which was the acquisition of Sound Concepts which Sound Concepts traded $4,000,000 of cash they were to receive into shares. Why? My guess is they saw more value in shares.

Net net is VERB ended up with $4,000,000 more in cash than they would have had if Sound Concepts did not want an additional $4,000,000 in VERB common stock.

All my view.

[tedpeele]

How do u figure 7 months zip? I’m getting something far less after paying off notes and looking at cash burn for both entities.

[streamingeagle88]

Still not crystal clear what happened.

If this is a simultaneous closing where SC received $4m more in stock units (as it must have been for SC principals to defer taxes on the $4m) then where did the units come from.

Were they part of AGPs allotment to sell or are they newly created units in addition to the offering. And if so wouldn't the new units have to be registered.

Answer this and I'll understand que paso.